"I would use technology to reach out and get a pledge from the top 5,000 profitable companies to increase wages of their hourly employees and lowest paid salaried workers by at least 10% and to not use any international funds that are repatriated for dividends or share buybacks," he told Business Insider.

"Tax changes are typically proposed based on theory," he continued. "I would remove the theory and first get a commitment from those big companies to help the administration achieve what is hopefully is their goal of raising wages for working families."